With the end of financial year approaching, many small business owners are thinking about tax, profit, cash flow and what the next 12 months might look like. But EOFY should not be treated as a last-minute paperwork scramble. It is one of the best opportunities...
Buying a gift for a parent, relative or loved one who is living independently in retirement can be harder than it sounds. Many older people already have enough “things”. Another candle, hamper, gadget or decorative item may be appreciated, but it may not be what...
There comes a moment in life when the house feels a little too quiet. The kids have moved out, the bedrooms are empty, the weekends are your own again, and suddenly the idea of maintaining a big home, mowing lawns and cleaning rooms nobody uses...
As we move through life, we plan for many things — work, family, retirement and finances. Yet one area that is often overlooked is planning for a time when we may not be able to make decisions for ourselves. This is where documents like a Power...
All eyes were on the auction market to see the response to negative gearing and capital gains tax changes in the first weekend after the federal budget. The results were mixed. The volume of homes that went to auction across the capital cities fell 11 per cent...
The Reserve Bank’s lone dissenter against a rate rise argued interest rates were already high enough to get inflation back under control, before being overruled by the rest of the central bank’s board. Minutes of the May 5 meeting, released on Tuesday, revealed the reasons why...
States and territories are being urged to slash stamp duty for small businesses and families to help them handle the fallout of a contentious overhaul of tax on investments. The federal government has flagged some GST relief for Australians affected by a new 30 per cent...
Rental supplies in the middle ring of Australian capital cities could be hollowed out by changes to investor tax concessions in the federal budget. Real estate agents expect investor interest in established properties to crater after Tuesday’s budget scrapped negative gearing and wound back the capital...
Australia’s tax system would be overhauled, welfare restricted to citizens and immigration slashed under a future coalition government. In his first budget reply speech, Angus Taylor has conceded the Liberals and Nationals still have a long road to win back the confidence of voters, but asked...
A row has broken out over the cost of cutting taxes for millions of Australians as Labor and the opposition try to sell rival economic plans to voters. After a week dominated by the state of the nation’s finances, Prime Minister Anthony Albanese accused the opposition...